Contributed photo
Contributed photo
Led by President John Numrich, the Carol Stream Police Pension Fund Board held its regular meeting recently.
Following routine housekeeping duties, the meeting’s agenda included an updated financial report from Lauterbach and Amen LLP and a report from Village Financial Adviser Mary Tomanek on the current status of the fund’s investment portfolio.
Also during the meeting, the board reviewed several applications concerning the disabilities and retirement of several eligible officers, and re-elected several board members, including Numrich, Vice President Diane Wells, Secretary John Zalak, Assistant Secretary Tony Marzano and Trustee Anthony Simonetta.
The meeting also included a discussion of Gov. Rauner’s new pension initiatives, in which he has proposed requiring pension participants to choose between COLA shifts from 3 percent compounded (Tier 1) to the lesser of 3 percent or 1/2 percent CPI non-compounded (Tier 2), or having all future salary boosts excluded from pension-benefit calculations.
Alerts Sign-up